Income Tax : Tax is a financial burden on any person. One cannot do financial planning without considering the tax liability. Every person devo...
Company Law : CA Paras Mehra 1.0 Introduction In this article, we shall discuss the practical aspects about the lending power under the Nidhi Co...
Goods and Services Tax : Since now the demonitization is finally settled down, the next hot issue shall be the implementation of GST until and unless the B...
Income Tax : After banning the 500/1000 currency notes, there were panic all around the country. Everybody was running for solution but no one ...
Goods and Services Tax : The time has come when history is unfolding itself on 8th November, 2016. The government has launched the GST system portal to sta...
We have a World Bank report on the ease of doing business and also it is not a denying fact that World Bank report on India is the best available analysis of doing business in India. But the ground reality is different from what we witness on papers. For company registration, the World Bank report still considers the old registration process while India has already launched the new registration process.
Nidhi Company is one of the categories of NBFC or in other words, it is the cheapest and easiest form of NBFC as well. Also, it is very easy form to register and does not require much capital. Anybody can register a Nidhi Company with only 5 lakh minimum capital and with minimum of seven members.
Nidhi is the safest and the cheapest way of raising funds from the General public. The most important thing is that you don’t require Reserve Bank of India (RBI) approval for this Company. The alternatives of Nidhi (like Non Banking Financial Companies (NBFC’s) will need a capital of at least two crores) are very costly. Through, very business friendly, Nidhi is yet to be common between the business communities.
Tax laws are getting complex day by day and also scope for simple tax planning is also getting narrower day by day. In this dynamic environment, knowledge of only tax laws will not help you to sustain the proper tax planning. Knowledge and better understanding of different laws is very much important.
As the new government in India launches ‘Make in India’ campaign in September 2014, to promote new businesses in India, on the other side World Bank issues its Doing Business 2015 in October 2014, in which it placed India at 142th place downgraded by 2 ranks as compared to previous year rankings. And may be […]
Three days ago, the big giants like Flipkart, Amazon received a serious threat from the Maharashtra Government itself. Some leaders of Swadeshi Jagran Manch (SJM) which is an economic policy front of RSS had met the Finance minister Arun Jaitley and sought a ban on ecommerce portals as they are killing the domestic business.
Certificate of commencement is like filing a declaration that we have deposited out initial capital into the bank account of the company and we are now ready to start our business. The declaration should be in form INC 21 which is for Declaration prior to the commencement of business or exercising borrowing powers.
Tax Evasion and avoidance is a main problem in every country. Taxpayer can choose any tax efficient method but that method should not for the purpose to obtain tax benefit. General Anti Avoidance Rules (hereinafter referred to as GAAR) has been introduced by Government to overcome from these problems. GAAR provisions aims at reducing or preventing impermissible tax avoidance.
CA Paras Mehra Doing business was never so dangerous in India. We have intentionally used the word ‘dangerous’. Through, every entrepreneur know what it takes to start business from a Scratch, still there are problems which no one thought’s off. A very recently created problem which can be so impactful that even can disrupt the […]
CA Paras Mehra Raghav Raj Raman, IT software engineer, with his friend started a business of providing designer, developer consultancies to various clients in India and abroad. They are skillful enough but still they are not able to earn much. Therefore, they decided to add a new partner to their business. They all agreed on […]
